they forecast an increase of 2.2% in both japan and the united states. and they do predict, as well, stronger growth worldwide next year at 3.6%. blanchard said figuring these things out can make for a complex puzzle. i had the chance to speak with him earlier about what pieces need to fall into place. does seem the recovery is losing a bit of steam. take us where we stand right now in the global recovery. >> the first thing to say is this is still a recovery. we have numbers from the world growth of 3.5%. that's a recovery. it's clear it has weakened since last time we had forecast, which was three months ago, so that's a bit worrisome. just a bit. the reason is probably an increase in uncertainty. there are many reasons always, but one is decrease in uncertainty about what policy makers are going to do in a few crucial parts of the world, and i think that explains the slowdown. >> reporter: and what about europe? we did get news today that the european mechanism was launched. do you think it can be fully mobilized in a timely manner to mitigate what's